Answer Happy

Statement of Cash Flows—Indirect Method
The comparative balance sheet of Merrick Equipment Co. for
December 31, 20Y9 and 20Y8, is as follows:
Additional data obtained from an examination of the accounts in
the ledger for 20Y9 are as follows:
Required:
Prepare a statement of cash flows, using the indirect method of
presenting cash flows from operating activities. Use the minus
sign to indicate cash outflows, cash payments, decreases in cash,
or any negative adjustments.
Cash paid for dividendsCash paid for landCash received from sale
of common stockCash received from sale of investmentsLoss on sale
of investmentsNet income
Accumulated depreciationCash paid for dividendsCash paid for
landCash received from sale of common stockDepreciationRetained
earnings
Cash paid for dividendsCash received from net incomeCash
received from the sale of common stockGain on sale of
investmentsLoss on sale of investmentsRetained earnings
Decrease in accounts payableDecrease in accounts
receivableDecrease in inventoriesDepreciationIncrease in accounts
receivableLoss on sale of investments
Decrease in accounts payableDecrease in accounts
receivableDecrease in inventoriesGain on sale of
investmentsIncrease in accrued expensesIncrease in inventories
Decrease in accounts payableDecrease in accounts
receivableDecrease in inventoriesIncrease in accounts
payableIncrease in accrued expensesLoss on sale of investments
Decrease in accounts payableDecrease in accrued expenses
payableDecrease in dividends payableDepreciationIncrease in accrued
expenses payableIncrease in land
Cash received from gain on sale of investmentsCash received from
loss on sale of investmentsCash received from net incomeCash
received from sale of common stockCash received from sale of
investmentsCash received from retained earnings
Cash paid for accounts payableCash paid for accumulated
depreciationCash paid for common stockCash paid for
depreciationCash paid for dividendsCash paid for purchase of
land
Cash paid for accounts receivableCash paid for accrued
expensesCash paid for accumulated depreciationCash paid for
inventoriesCash paid for purchase of equipmentCash paid for
retained earnings
Cash received from net incomeCash received from sale of common
stockCash received from sale of equipmentCash received from sale of
inventoriesCash received from sale of investmentsCash received from
retained earnings
Cash paid for dividendsCash paid for inventoriesCash paid for
purchase of equipmentCash paid for purchase of investmentsCash paid
for purchase of landCash paid for retained earnings
Cash received from gain on sale of investmentsCash received from
loss on sale of investmentsCash received from net incomeCash
received from sale of common stockNet decrease in cashNet increase
in cash